Bank of Ireland has introduced a new discounted personal loan option for parents of third-level students designed to cover the cost of annual registration fees.
The loan is being offered at a rate of 9.9 per cent APR and applicants must be parents, relatives or guardians of third-level students.
The loan option is designed to ease the burden of paying a lump sum for fees by allowing borrowers to phase the spend over 12 months instead.
Proof that the loan is intended to fund registration fees for one or more student is required.